Russian poultry production fell 2.44% in the first half of 2021 compared to the same period last year. According to the Russian National Poultry Producers Union, at the beginning of this year, production fell by 6.2%, the biggest drop in the last decade. Some factors contributed to this decrease, including the avian flu epidemic and the increase in production costs.
Exports fell as well. In the first half of this year, Russia exported 132,000 tons of poultry meat, 6.6% less compared to the same period in 2020.
Prices should continue to rise. Production costs remain high, and the Plekhanov University of Russian Economics estimates that in 2021 prices are likely to be 20% to 22% above last year’s level. Rising poultry prices is a global trend, which is linked to growing demand in Southeast Asia.